Allianz Retire+ hires joint heads of group retirement solutions
Allianz Retire+ has appointed Catherine van der Veen and Lucy Foster as joint heads of group retirement solutions client delivery, a newly created position.
OTC derivative issuers pay $17m compensation
ASIC has overseen $17.4 million in compensation payments to over 2000 retail clients due to financial services law breaches by eight retail over the counter (OTC) derivative issuers.
Rest to establish in-house global equities management capability with new hire
Industry super fund Rest has appointed Richard Mercado as its head of internal global equities, tasked with building an internal global equities management capability.
Accumulation, pension returns fall in October: SuperRatings
Research house SuperRatings estimated that October will see super funds post negative investment performance, continuing a downward trend for the third consecutive month.
Consumers confused over ESG and sustainability: CFS research
Research from Colonial First State has found that Australian consumers are confused by sustainability claims and cannot differentiate between ESG investment options.
FAAA appoints university and student programs head
The Financial Advice Association has appointed Louise Trevaskis as head of university and student programs as part of its strategy to bring more graduates into the financial planning profession.
Complii and Praemium enter strategic partnership
Capital markets platform Complii Fintech Solutions has partnered with investment platform Praemium to actively engage in cross referrals, encouraging clients to explore the comprehensive services offered by both businesses.
Risk inflows increase in FY23 but sales decline: PFL data
Year-on-year risk inflows rose 2.1 per cent in FY23 compared to the previous financial year, but risk sales finished down according to data from Plan for Life.
ASIC updates investor alert list
ASIC has released the new “investor alert list” so that consumers can check if an entity they are considering investing in is unlicensed, fraudulent, or a scam.
Australians anxious about money for retirement: MLC research
While most Australians are taking steps to strengthen their financial situation, many need additional support to achieve their financial goals and get ready for retirement, according to research from MLC.
Invesco appoints multi-asset strategy leader
Fund manager Invesco Australia has appointed Scott Bennett as its director of factor investing and multi-asset strategies, based in Melbourne.
Getting to grips with the Housing Australia Future Fund
The Housing Australia Future Fund is set to create a new asset class in Australia for institutional investors, bringing with it investment opportunities and the chance to help alleviate the housing crisis. But missing fine print and the APRA performance test are leading CIOs to tread carefully.
